7,403 SpaceX $SPCX Shares Acquired by Cooper Financial Group

Key Points

• Cooper Financial Group increased its SpaceX position by 133.1% in the third quarter, purchasing 7,403 additional shares for a total holding of 12,964 shares valued at approximately $1.96 billion.
• SpaceX shares traded at $167.60, with revenue rising 91.9% year over year to $7.81 billion in the latest quarter. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $218.76.
• Investors are weighing Starlink’s potential expansion against risks from SpaceX’s proposed $40 billion financing, a possible release of up to 328.4 million shares, and recent insider selling by COO Gwynne Shotwell.

Cooper Financial Group increased its position in shares of SpaceX (NASDAQ:SPCX - Free Report) by 133.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,964 shares of the company's stock after buying an additional 7,403 shares during the quarter. Cooper Financial Group's holdings in SpaceX were worth $1,956,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Wedbush Securities Inc. bought a new stake in shares of SpaceX during the second quarter valued at approximately $5,094,000. Hyperion Asset Management Ltd bought a new position in SpaceX in the second quarter worth $201,137,000. K5 Global Advisor LLC acquired a new stake in SpaceX during the second quarter worth $6,587,531,000. Turner Financial Group Inc. acquired a new stake in SpaceX during the second quarter worth $1,228,000. Finally, Rik Saylor Financial Inc. bought a new stake in SpaceX in the 2nd quarter valued at $1,670,000.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX reportedly won FCC approval to deploy up to 15,000 Starlink satellites for direct-to-device service. The agency also waived a ground-carrier leasing requirement, potentially accelerating Starlink’s ability to connect ordinary smartphones. SpaceX wins FCC approval for 15,000 Starlink satellites
• Positive Sentiment: The FCC is also considering an auction of 25 MHz of prime spectrum for satellite-to-phone services, which could benefit SpaceX’s direct-to-device business if the proposal advances. FCC spectrum auction proposal
• Positive Sentiment: Susquehanna raised its SpaceX price target to $173 from $144, citing growth across the company’s core businesses, although it retained a neutral rating. Susquehanna raises SpaceX price target
• Neutral Sentiment: SpaceX is reportedly discussing approximately $40 billion of financing—about $10 billion in loans and $30 billion in investment-grade bonds—to purchase Nvidia GPUs and expand its terrestrial AI-compute capacity. Supporters view the spending as a way to build a major new recurring-revenue business; investors are focused on execution and repayment capacity. Apollo and banks discuss financing SpaceX GPU purchase
• Negative Sentiment: The proposed borrowing is large relative to SpaceX’s existing business and has raised concerns about leverage, valuation, and whether projected AI-compute cash flow will arrive quickly enough. The debt news appears to be the main reason shares retreated after their recent advance.
• Negative Sentiment: Investors are also watching a potential release of up to 328.4 million shares on October 9, which could increase supply and create additional selling pressure. Cathie Wood’s ARK Invest separately sold approximately $9.4 million of SpaceX stock. SpaceX share unlock

SpaceX Stock Performance

Shares of NASDAQ SPCX traded down $4.32 during mid-day trading on Wednesday, hitting $167.60. 77,089,279 shares of the stock were exchanged, compared to its average volume of 102,944,063. The firm has a market cap of $2.21 trillion and a P/E ratio of -1,862.22. The firm's fifty day moving average price is $142.98. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.17. The business had revenue of $7.81 billion during the quarter. The business's quarterly revenue was up 91.9% compared to the same quarter last year. As a group, equities research analysts predict that SpaceX will post 0.09 earnings per share for the current fiscal year.

Insider Transactions at SpaceX

In other SpaceX news, COO Gwynne Shotwell sold 342,170 shares of the business's stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total value of $52,547,046.90. Following the transaction, the chief operating officer owned 2,472,035 shares of the company's stock, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SPCX shares. Mizuho started coverage on shares of SpaceX in a report on Tuesday, July 7th. They set an "outperform" rating and a $200.00 price objective for the company. KeyCorp reissued a "sector weight" rating on shares of SpaceX in a research note on Tuesday, July 28th. Benchmark initiated coverage on shares of SpaceX in a research report on Monday, June 22nd. They issued a "buy" rating for the company. Wedbush started coverage on shares of SpaceX in a research note on Tuesday, June 30th. They set an "outperform" rating and a $190.00 price target for the company. Finally, CLSA assumed coverage on SpaceX in a report on Monday, September 28th. They set an "outperform" rating and a $250.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $218.76.

About SpaceX

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX's primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.

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